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World Bank

Volume 718: debated on Tuesday 30 March 2010

Statement

My right honourable friend the Parliamentary Under-Secretary of State for International Development has made the following Statement:

Today my department has published the annual review of DfID’s works with the World Bank, The UK and the World Bank 2009.

This report reviews the UK’s work with the World Bank from December 2008 to 2009. During that period we saw the effects of the financial crisis spread to the developing world. The report looks at how the World Bank was able to assist developing countries facing the impact of the financial crisis, as well as other major issues on which DfID has worked with the World Bank:

The Bank’s response to the financial crisis;

Progress on World Bank reform;

A review of the performance of the Bank’s work in the poorest countries;

An assessment of progress against the Government’s high-level objectives for the Bank; and

Priorities for engaging with the Bank in 2010.

The report has been placed in the Libraries of the Houses and an electronically accessible version is available on the DfID website at www.dfid.gov.uk.